Masters Prop Bets 2023

Last Updated: Apr 5, 2023

The 2023 Masters Tournament is here and there’s no tradition quite like betting on props for golf’s first major.

As always, there are plenty of talented golfers to back in a number of different ways, so let’s try to make some sense of everything happening this week at Augusta National Golf Club.

Below, you’ll find my favorite Masters prop bets for the 2023 edition.

Best Masters Prop Bets 2023

Brooks Koepka: Top-20 Finish (+150) • DraftKings Sportsbook

This price feels flat-out wrong for a player who tends to play his best golf at major championships.

Koepka has battled injury issues over the past few years but seems to be peaking at the right time once again after claiming LIV Golf’s tune-up event in Orlando last weekend. That win marked his second on the circuit, which has acquired a solid group of talent over the past year-plus.

The four-time major winner is likely this low on the odds board because he missed the cut at The Masters in each of his past two trips, but I’m willing to give him a pass for those, especially since one year he literally couldn’t bend down to read the greens on an injured knee.

A pair of top-10 finishes at the Masters in his two prior starts shows he’s more than capable of producing at Augusta, and if he’s healthy and in form, which he appears to be, then this should be pretty easily attainable.

Corey Conners: End of Round 1 Leader (+4500) • DraftKings Sportsbook

As I mentioned in our Masters winner predictions, Conners has a great history at Augusta and is coming into the week on a high after earning his second career PGA Tour victory at the Valero Texas Open.

The Canadian was the first-round leader last week in San Antonio, posting an 8-under 64 to put himself in a strong position and has typically gotten off to strong starts at The Masters.

After fending off a few challengers en route to the title on Sunday afternoon, don’t be surprised if Conners feels a sense of relief and comes out firing.

Mito Pereira: Top Debutant (+600) • DraftKings Sportsbook

Golfers making their first trip to Augusta don’t tend to do particularly well as the green complexes are especially difficult to maneuver.

It typically takes time for players to get a sense of the layout, which is why veterans like Tiger Woods and Justin Rose tend to play well here year over year, even though their best golf is probably behind them.

However, everyone in this prop category is playing the tournament for the first time, so there will be nerves and unknowns all around. Tom Kim (+400) is the favorite among the group of debutants, but I don’t feel his game profiles particularly well for Augusta as a shorter hitter.

I’d prefer to take my chances with Pereira, who has finished third at a major before (2022 PGA Championship) and can hit the ball a long way. The 28-year-old is also on solid form, finishing in a tie for third behind Koepka at the most recent LIV event.

Hole-in-One: Yes (-200) • DraftKings Sportsbook

Do you really want to watch The Masters and cheer against players making a hole-in-one every time someone steps up to a Par 3?

I didn’t think so.

There has been at least one ace at the tournament each of the last two years, and with wet weather in the forecast, I think there’s a good chance players will be able to take more direct aim at some of these pins this week.

Hole No. 16, where Stewart Cink holed out from the tee last year, has served up 24 aces over the years and is the most likely candidate to do so again in 2023.

Golf is fun to watch at any time of the year, but it’s at its best in a big tournament like The Masters. This is the pinnacle of the PGA season, as every golfer dreams of putting on that classic green jacket.

It can be difficult to select an outright winner of a tournament, so it’s a good idea to target the props market. There are several choices to choose from, adding even more entertainment value to an exciting competition.

This article will act as a guideline to support you on your journey towards a successful golf betting venture with The Masters.

How Masters Prop Betting Works

Prop bets are player-based outcomes, which aligns nicely with The Masters because there are several choices in golf. You can bet on the Over or Under on a player’s score, choose a leader after each round, select the nationality of the winner, and much more.

If you’re feeling lucky, you can shoot for the moon by wagering on a hole-in-one. Choosing the outright winner is another option, but a safer choice could be opting for a broader final rank, such as top-10 or top-20 finish.

Since The Masters is the holy grail of golf tournaments, you can expect the props market to be even more robust than usual. Betting sites will try to capitalize on this marquee event with a more expansive selection, so be sure to take advantage.

Best Masters Prop Betting Sites

DraftKings Sportsbook

DraftKings got its claim to fame from daily fantasy sports, but it has evolved into one of the premier sportsbooks in the country.

The site offers a lucrative welcome bonus with a comprehensive selection of props. The odds are great and you’ll often find some useful promos, such as odds boosts.

There are several golf props to choose from at DraftKings. You can choose the outright winner, back a player in a head-to-head matchup, choose a golfer to have a bogey-free round, and much more.

FanDuel Sportsbook

FanDuel started off as a leader in daily fantasy sports before becoming the most popular sportsbook in the United States.

The site invented the Same Game Parlay, which has spread like wildfire throughout the industry because it allows bettors to combine several outcomes from the same event for high payouts.

There is even an extension at FanDuel called Same Game Parlay+, where you can combine wagers from more than one golf tournament. The site has some cool novelty props, including the top finisher from each country, helping to set it apart from the competition.

Caesars Sportsbook

Caesars Sportsbook has become a giant in the iGaming industry following the purchase of reputable betting site William Hill in 2021.

It features some of the best welcome bonuses in the industry, along with a terrific VIP rewards program that can be redeemed for fine dining and hotel accommodations.

Players have everything they’ll need to enjoy The Masters at Caesars, including odds boosts that give you more value on specific golfers.

BetMGM Sportsbook

BetMGM has emerged as one of the leaders in the iGaming industry, often being one of the first operators to set up shop in new markets.

Its partnership with the PGA Tour makes it a great choice for The Masters props, as there is a comprehensive selection within this betting market. You’ll find odds boosts on players to make the cut as well as head-to-head choices.

The app is user-friendly, featuring a detailed live-betting platform that allows live-streaming on selected events. This is great because you can sweat your wager as you watch the competition.

PointsBet Sportsbook

PointsBet was started in Australia, which makes it even more impressive to see how far they’ve come as a betting site in the United States.

Their main attraction is innovation, as they have a distinct bet type known as “PointsBetting,” where players win more if their selection wins by a larger margin and vice versa if it loses. This high-risk but high-reward bet type can be highly entertaining.

This is awesome for The Masters because if you choose a longshot golfer to finish within the top-20 and they win the tournament, you’ll get a nice payout.

bet365 Sportsbook

Bet365 is a veteran in the sports betting industry, priding itself as the world’s largest operator. The betting markets are robust and you can expect no different with The Masters.

It has a user-friendly interface with a terrific live-betting experience that allows you to parlay in-game wagers. There are even live bets on player props, which is not often offered by other sites.

The sportsbook features everything you’d want for The Masters props, such as outright winner and final finishes, along with head-to-head matchups.

WynnBet Sportsbook

WynnBet provides an accessible betting platform with a user-friendly app and several betting markets that feature fair odds.

What helps make this betting site a terrific choice for The Masters Prop Betting is their welcome bonus. WynnBet is currently offering new users with Bet & Get that focuses on The Masters.

All you need to do is sign up for an account, bet $10 on Tiger Woods to win The Masters, and you’ll receive $200 in bet credits. You win this offer even if Woods doesn’t play. This is free money!

How To Pick the Best The Masters Prop Betting Sites

It’s important to think about what makes a good site for The Masters prop betting. You’ll find a few of the most crucial factors listed below.

  • Odds: You want to make sure that you get the best bang for your buck. This means that you need to find value with the odds. If one site has Rory McIlroy to win The Masters at +1000 but another has him at +1200, the latter is the better choice.
  • Markets: It’s important that your betting site features a robust selection of The Masters props markets. You don’t want to be limited to only one basic prop like outright winner, so you’ll need to make sure that there are multiple options, including novelty props like the nationality of the tournament winner.
  • Boosts: Odds boosts are great because they provide more value for your bet. For example, Jon Rahm might be boosted from +600 to +850 to win The Masters. If you were to bet $100 on that and Rahm won, that’s a $250 difference in winnings. It’s also vital that your sportsbook has a diverse selection of boosts, such as making the cut props and more.
  • Welcome Bonus: Every sportsbook has some sort of welcome offer to entice new users, but some are better than others. You want to prioritize first-deposit bonuses because you receive bet credits simply for funding your account. The maximum limit is important as well, but be mindful of any playthrough requirements. The fewer cumulative wagers you need to withdraw or use the bet credits, the better.

The Masters Prop Betting Promotions

The Masters is the biggest event in golf, so you can expect several useful promos catering to this tournament across multiple betting sites. We’ve already seen a terrific offer from DraftKings, which will boost the odds on any player to win the touranment by +1000.

There’s a good chance that more sportsbooks will provide similar offers as we get closer to the tournament. There will definitely be a ton of odds boosts on various props, giving you more value on your wagers.

Be sure to check our Promotions page to stay up to date on any new offers. Capitalizing on these bonuses are a great way to build your bankroll.

Best Types of Masters Prop Bets

The best way to bet The Masters is by starting with your outright winner and placing a small wager there. Next, you want to bet a bit more on that player to finish in the top-10. This is a safer selection that acts as insurance for your outright winner bet. You could opt to add in a head-to-head matchup with your golfer against another one.

The key here with this selection of bet types is balancing your risk. It’s difficult to choose the winner of a tournament, so you need to add safer bets. This way, if your longshot loses but your safer picks win, you’ll still be profitable for the tournament.

While betting on low probability outcomes like a hole-in-one can be fun, I would save this bet type for a fractional percentage of your total bankroll. You don’t want to chip away at your winnings with too many of these longshots, as that makes it difficult to be profitable.

The Masters Prop Betting Strategy

Being successful at The Masters props requires a sound process. Let’s dive in to explore what you should look for when attacking this betting market.

First, you want to take a look at the course at The Masters, Augusta National. Research to find out how the course plays. Are certain holes more difficult than others? How is each hole, are there more Par 3s, 4s, or 5s? These are some of the questions that you need to consider.

You’ll also want to take a look at recent winners at this tournament. Is there a pattern here that indicates that the course caters toward a specific skill-set? Do certain golfers perform well at this tournament in comparison with other courses? This is another tip to guide you in your selection.

It’s important to check in on the weather forecast for the tournament. If it’s expected to rain, there’s a risk that this could have an impact on the final result. Be mindful of this factor when deciding on your preferred golfer.

Next, you should examine a golfer’s recent performance. If they’ve been successful in their last few tournaments, you may consider riding the hot streak and hoping that they keep it rolling at The Masters.

After you’ve considered each of these factors, you should take a look at the odds for each golfer. If you think that some players are undervalued in comparison to how they’ve played at Augusta or in recent competitions, that might be a golfer to choose.

Once you pick your golfer, I would bet on them to win the tournament and then escalate my wagers for top-10 and top-20 finishes. I’d also wager on my golfer in a head-to-head matchup.

I usually steer clear of super longshots like hole-in-one props, but if that interests you, I would suggest only using a small bet on this prop.

Benefits of The Masters Prop Betting Online

Betting on The Masters props is best online. For one, it’s much more convenient, as you can place your wager from your desktop, laptop, or mobile device. This works especially well with live bets, since you can make your pick as you’re watching the game and getting a sense of how each golfer is performing.

By betting online, you’ll have access to several welcome bonuses and promotions that put you in a better position to succeed in The Masters prop betting. It’s also much easier to compare odds when you’re betting online, as choosing another sportsbook is a click away.

Imagine driving across cities just to place bets at different sportsbooks – that would be crazy. Take advantage of shopping around by betting online.

How to Place a The Masters Prop Bet Online

Placing a prop bet online is an easy process. You’ll find the steps listed below.

  • Sign up for a new account by clicking one of our links or promo codes at The Game Day
  • Take advantage of the welcome bonus
  • Select ‘Golf’ or ‘PGA Tour’ or ‘The Masters’ in the menu
  • Choose props and pick your preferred amount and bet type
  • Click ‘Bet’

Where Can I Legally Bet on The Masters Online?

  • Arizona
  • Colorado
  • Connecticut
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • New Hampshire
  • New Jersey
  • New York
  • Nevada
  • Ohio
  • Oregon
  • Pennsylvania
  • Rhode Island
  • Tennessee
  • Virginia
  • Washington D.C.
  • West Virginia
  • Wyoming

Choose More Than One Masters Prop Betting Site

Make sure to choose more than one betting site for The Masters props. This allows you to take advantage of multiple welcome bonuses, stacking your bankroll with bet credits.

Try your best to max out these offers, as they can only be used once.

You can also shop around for the best odds when you have accounts on multiple sportsbooks. This helps you find the best value on a specific prop.

Some betting sites may have a prop that isn’t available at another platform, so you’ll want to take advantage of this as well.

Don’t cap your upside by sticking to only one site. Branch out to several and this will make it more likely that your sports betting venture will be successful.


John Arlia

Before joining The Game Day, John served as the National Writer for the United Soccer League, where he primarily covered the USL Championship out of the league’s headquarters in Tampa, FL. A devout soccer fan, John attended the men’s World Cups in Brazil and Russia and can’t wait for the 2026 edition to come to North America. Having also written for Sporting News Canada since getting his master’s from the Walter Cronkite School of Journalism at ASU, John has acquired a diverse sporting background, but considers football, golf, and soccer his three strong suits.

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